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Forty Years of Price Transmission Research in the Food Industry: Insights, Challenges and Prospects: Comment.

Kinnucan, H.W. and Lloyd, T., 2019. Forty Years of Price Transmission Research in the Food Industry: Insights, Challenges and Prospects: Comment. Journal of Agricultural Economics, 70 (3), 874 - 879.

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DOI: 10.1111/1477-9552.12332

Abstract

Lloyd's review of the literature on food price transmission in the Journal of Agricultural Economics (2017) is incomplete in that it omits discussion of technical change and international trade. The purpose of this Comment is to explain why these topics are essential for a proper understanding of price transmission. As a by-product of the discussion, I show that the pass-through and pass-back equations that serve as the basis for Lloyd's theoretical insights are more general than one might think based on Gardner's (American Journal of Agricultural Economics, 1975) discussion of these equations.

Item Type:Article
ISSN:0021-857X
Group:Faculty of Management
ID Code:32899
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:14 Oct 2019 13:44
Last Modified:15 Oct 2019 08:36

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